Quantamental Technologies LLC raised its stake in Hewlett Packard Enterprise Co by 129.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,471 shares of the technology company’s stock after buying an additional 25,612 shares during the quarter. Quantamental Technologies LLC’s holdings in Hewlett Packard Enterprise were worth $702,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HPE. Legacy Bridge LLC acquired a new position in Hewlett Packard Enterprise in the fourth quarter valued at about $25,000. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $26,000. Liberty Wealth Management LLC acquired a new stake in shares of Hewlett Packard Enterprise during the fourth quarter worth about $34,000. JNBA Financial Advisors lifted its position in shares of Hewlett Packard Enterprise by 1,300.0% during the fourth quarter. JNBA Financial Advisors now owns 2,800 shares of the technology company’s stock worth $37,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Hewlett Packard Enterprise during the first quarter worth about $38,000. 83.01% of the stock is currently owned by institutional investors.
Shares of HPE stock traded down $0.06 during trading hours on Monday, reaching $15.71. 7,166,290 shares of the stock were exchanged, compared to its average volume of 10,718,622. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.80 and a current ratio of 0.94. Hewlett Packard Enterprise Co has a 12-month low of $12.09 and a 12-month high of $17.82. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 10.07, a PEG ratio of 1.52 and a beta of 1.58.
Hewlett Packard Enterprise last released its earnings results on Thursday, February 21st. The technology company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.07. Hewlett Packard Enterprise had a net margin of 2.11% and a return on equity of 11.31%. The firm had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.68 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. Equities analysts forecast that Hewlett Packard Enterprise Co will post 1.64 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Wednesday, June 12th will be paid a $0.1125 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $0.45 annualized dividend and a yield of 2.86%. Hewlett Packard Enterprise’s dividend payout ratio is currently 28.85%.
Several analysts have recently issued reports on the stock. ValuEngine cut shares of Hewlett Packard Enterprise from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. UBS Group cut shares of Hewlett Packard Enterprise from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $17.00 to $13.00 in a research report on Tuesday, March 12th. Morgan Stanley reissued an “equal weight” rating and set a $15.00 price target (down previously from $21.00) on shares of Hewlett Packard Enterprise in a research report on Wednesday, January 16th. Daiwa Capital Markets assumed coverage on shares of Hewlett Packard Enterprise in a research report on Monday, April 1st. They set a “hold” rating and a $16.00 price target on the stock. Finally, Zacks Investment Research raised shares of Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Tuesday, February 26th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $16.92.
In other Hewlett Packard Enterprise news, insider Philip Davis sold 13,974 shares of the stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $15.75, for a total value of $220,090.50. Following the transaction, the insider now directly owns 30,386 shares in the company, valued at $478,579.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John F. Schultz sold 780,830 shares of the stock in a transaction that occurred on Friday, February 22nd. The shares were sold at an average price of $16.32, for a total transaction of $12,743,145.60. Following the completion of the transaction, the executive vice president now owns 400,401 shares in the company, valued at $6,534,544.32. The disclosure for this sale can be found here. Insiders sold 2,265,536 shares of company stock worth $37,236,227 over the last quarter. 0.56% of the stock is currently owned by insiders.
Date: May 01, 2019
Source: Finance Daily